Market Still In Positive Zone, Go Long At Dips Until Nifty Holds Above 17700

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that the market has entered a positive zone and traders can go long at every dip in the market and the same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 17940 for Nifty and 60340 for Sensex. Finally, the Indian Stock Market managed to close positive for the day.

Today: Indian Stock Market will open positive. Technically, the Indian Stock Market is still in a positive zone. Market would enter into the negative zone only if it closes below 17700 for Nifty and 37269 for BankNifty. For now, the market would be considered bullish and traders can go long at dips until the market holds above 17700 for Nifty and 37269 levels for BankNifty. Traders should initiate short positions only if the market closes below these levels.

Check Now The List Of Stocks To Buy Today

Check Detailed Analysis of Nifty, Bank Nifty and Sensex For Today

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool For Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool

Nifty:

Bank Nifty:

FIIs were net buyers of Rs.442.49 crores whereas DIIs were net sellers of Rs.515.85 crores in the cash market for the last trading session. Nifty would see strong support at 17815-17770-17715-17660 whereas strong resistance would be seen at 17880-17940-18005-17075 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17853) The support for the Nifty is 17815-17770-17715-17660 and the resistance to the up move is at 17880-17940-18005-17075 levels.

NSE BankNifty: (37830) The support for Bank Nifty is 37615-37505-37365-37240 and the resistance to the up move is 38035-38140-38270-38380 levels.

BSE Sensex: (60048) The support for the Sensex is 59865-59715-59608-59500-59380 and the resistance to the up move is at 60170-60340-60505-60615 levels.

Premium Subscription Pricing details can be seen at Stock Market Premium Services